Allen Klein

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Allen Klein, American music executive and business manager (born Dec. 18, 1931, Newark, N.J.—died July 4, 2009, New York, N.Y.), handled legendary bands such as the Rolling Stones and the Beatles; his cutthroat business methods often led to estrangement (and lawsuits) from his clients. Klein grew up in an orphanage and earned a degree in accounting from Upsala College, East Orange, N.J. He made his reputation in the early 1960s by searching record company accounts for unpaid royalties, claiming thousands of dollars for such artists as Bobby Darin and Sam Cooke. (He also negotiated a million-dollar contract for Cooke shortly before the singer’s death in 1964.) Klein worked with a number of artists from the so-called British Invasion, including the Animals, Herman’s Hermits, and Donovan. While serving as the business manager for the Rolling Stones, he purchased the rights to all of their recordings and music publishing from 1964 to 1970, prompting a legal battle that was not completely settled until 1984. Klein’s representation of the Beatles dramatically increased the band’s profits but allegedly contributed to their breakup in 1970, and in 1973 John Lennon, George Harrison, and Ringo Starr sued him for misrepresentation (he did not settle with Lennon until 1977). Klein was twice charged with tax evasion, including accusations of mishandling funds raised by the 1971 Concert for Bangladesh, and spent two months in jail in 1979.